621 Pembroke Rd Hallandale Beach, FL 33009
- Auto shops
- 856 SF
- 0.15 lot acres
Current Use by Public Records
- Auto shops
Property Details for 621 Pembroke Rd
- Year built
- 1955
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 856 SF
- Zone code
- WEST RAC
- Property type
- Auto shops
- APN
- 51-42-21-24-0051
- APU
- 514221240051
Description
This vacant, 950-square-foot retail lot, located at 621 W Pembroke Rd in Hallandale Beach, Florida (zip code 33009), presents a compelling redevelopment opportunity. Currently configured as a vacant auto repair shop, the property boasts a strategic corner location with two access points and significant frontage on State Road 824, experiencing over 40,000 vehicles daily. Built in 1960, the Class C building offers a substantial chance for renovation or new construction. The property is zoned B-G, making it ideal for a variety of retail uses, including a drive-through option. The asking price is $775,000, translating to $815.79 per square foot. This high-traffic location in Broward County offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a prime retail space in a bustling area. The property's current condition is described as poor, presenting a blank canvas for a modern retail development. The substantial daily traffic count ensures high potential for customer engagement and business success. This is a rare opportunity to acquire a well-positioned retail lot with significant redevelopment potential in a thriving Florida market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $420,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $505,000
- Mixed-Use
- $385,000
- Hospitality
- $465,000
- Educational
- $455,000
- Residential Income
- $420,000
- Energy
- $375,000
- Income-Based Land
- $445,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Hallandale Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.1557
- Latitude
- 25.9962
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA